Ubs (lux) Fund Solutions – Msci Japan ETF Forecast

Green day on Wednesday for Ubs (lux) Fund Solutions – Msci Japan ETF after gaining 0.0079%
(Updated on Jun 26, 2024)

UIM5.F Signals & Forecast

The Ubs (lux) Fund Solutions – Msci Japan ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 49.99€ and 50.32€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 2.02%. Further rise is indicated until a new top pivot has been found. Ubs (lux) Fund Solutions – Msci Japan has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Friday, May 31, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for Ubs (lux) Fund Solutions – Msci Japan ETF

Ubs (lux) Fund Solutions – Msci Japan finds support from accumulated volume at 50.24€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 0.344€ between high and low, or 0.680%. For the last week the ETF has had daily average volatility of 0.444%.

Our recommended stop-loss: 47.70€ (-5.70%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (UIM5.F) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Ubs (lux) Fund Solutions – Msci Japan Ucits Etf to open at 50.70€, and during the day (based on 14 day Average True Range), to move between 50.15€ and 51.01€, which gives a possible trading interval of +/-0.430€ (+/-0.85%) up or down from last closing price. If Ubs (lux) Fund Solutions – Msci Japan Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.70% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 50.24€ (0.68%) than the resistance at 51.34€ (1.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ubs (lux) Fund Solutions – Msci Japan Ucits Etf ETF A Buy?

Ubs (lux) Fund Solutions – Msci Japan holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.477 Hold/Accumulate Unchanged

Predicted Opening Price for Ubs (lux) Fund Solutions – Msci Japan Ucits Etf of Thursday, June 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.